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Nirmal Bang Report
Bajaj Housing Finance Ltd. is coming out with an IPO today of Rs 6,560 crore, which includes an offer for sale of Rs Rs 3,000 crore a fresh issue of equity shares worth Rs 3,560 crore. The company has fixed the price band in the range of Rs 66 to 70 per share.
Key positives-
Focus on the prime Home Loan segment (ATS of Rs 4.6 million) with a diversified product offering of loan against property/LRD/Developer Financing.
Key strengths-
Strong execution, risk management capability and potential operating efficiencies.
Key risks-
Sizeable exposure to LAP/Developer Financing, informal/self-employed segment, geographic/customer concentration.
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